This paper develops a general model that addresses the starting point bias in the dichotomous choice evaluation data by incorporating both the anchoring effect and yea-saying bias. The model is applied to a contingent valuation study that evaluated the health benefits of air quality improvement...

Heckman’s (1976, 1979) sample selection model has been employed in many studies of linear or nonlinear regression applications. It is well known that ignoring the sample selectivity problem may result in inconsistency of the estimator due to the correlation between the statistical errors in...

In this paper we consider a stochastic frontier model in which the distribution of technical inefficiency is truncated normal. In standard notation, technical inefficiency u is distributed as N^+ (μ,σ^2). This distribution is affected by some environmental variables z that may or may not...

This paper investigates the time to first birth, treating coresidence with husband's parents and labor supply as endogenous and using representative data on Taiwanese married women born over 1933-1968. We utilize a full information maximum likelihood estimator for a duration model with...

This paper proposes two innovative algorithms to estimate a general class of N-state Markov-switching autoregressive moving-average (MS-ARMA) models with a sample of size T. To resolve the problem of NT possible routes induced by the presence of MA parameters, the first algorithm is built on...

In contrast to the results in Mayer and Riphahn (2000) where no distinction is made between the causes of economic as well as political immigrants, this paper shows that compared to native Taiwanese, the parental refugee experience results in a lower completed fertility of the children’s...

This paper considers the instrumental variables (IV) estimation of the autoregressive distributed lag (ADL) model consisting of fractionally integrated regressors and disturbance term, while allowing for part of the regressors to be endogenous. The idea of Liviatan (1963) and that of Tsay (2007)...